According to NAMM, demand for customized, unique sound is driving fretted products and effects sales to a seven-year high, while fueling a new wave of boutique pedal builders. Over the last decade, the retail value of the effects pedal category has increased more than 45 per cent, with a 13.7 per cent gain in 2014.
Reverb.com, an online marketplace for musicians to buy and sell gear, has announced the completion of a $25 million Series B funding round led by global growth equity investor, Summit Partners. Launched in 2013, Reverb is closing out its second full year in business and is on pace to process more than $120 million in transactions in 2015, according to the company. The company’s earlier investors include Lean Startup pioneer Eric Ries, Rick Nielsen of Cheap Trick, and country music star Brad Paisley.
Pulling up to the National Association of Music Merchant’s (NAMM) Carlsbad, CA headquarters members will notice a major new addition, state-of-the-art solar panels now cover NAMM’s parking lot. Following a nearly yearlong project, NAMM has installed 714 solar panels that will provide clean energy, shade, and power vehicles. The solar installation will cut NAMM’s operational electricity costs by more than 98 per cent, while providing shade to visiting NAMM members and NAMM MUSEUM of Making Music guests.
The Canadian Music Therapy Trust Fund has announced the appointment of Jim Norris to its Board of Directors. Norris is the president of Norris-Whitney Communications, an international communications company specializing in the entertainment field, which publishes Canadian Musician, Canadian Music Trade, Professional Sound, and Professional Lighting & Production magazines.
The Canadian Music Therapy Trust Fund is a non-profit organization dedicated to making music therapy available to more people in more communities across Canada. More information at www.musictherapytrust.ca.
Drummer’s Hangout celebrated its Grand Opening in Aurora, ON on Sept. 13th with a big turnout of guests from the GTA , in addition to the who’s who of Canadian drumming community including Sonor Artists Aubrey Dale, Chuck Keeping of Big Wreck, Dave Patel , Tim Timleck of Carole Pope, and Yamaha Artist Felix D-Kat Pollard, who put on a little show.
Award winning jazz guitarist Reg Schwager , joined by drummer Steve Farrugia and bass player Wesley Allen provided the live music for the guests.
NAMM members are now able to view the latest global music instrument and product sales trends in the 2015 NAMM Global Report, available on the NAMM website. The annual publication captures a snapshot of music industry sales figures from 23 countries, including retail sales figures, unit sales information, analysis, and import/export numbers for musical instruments and products.